Which of the following is NOT an example that falls within the four major categories of business environment factors for today's organizations?
A) globalization
B) increased pool of customers
C) fewer government regulations
D) increased competition
C
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The payee of a note recognizes a note receivable on the balance sheet and interest revenue on its income statement
a. True b. False Indicate whether the statement is true or false
A decrease in the lead time would reduce the
a. order point. b. safety stock. c. economic order quantity. d. ordering costs.
A bailment without a fixed term is called a ________
A) bailment for the sole benefit of the bailee B) bailment for the sole benefit of the bailor C) bailment for a for mutual benefit D) bailment at will
Quentin questions whether there is consideration for his contract with Rainey to exchange his performance with the Symphonic Saxophone Sextet for her payment of a certain amount. To constitute consideration, there must be
a. a payment. b. a performance. c. a bargained-for exchange. d. serious thought underlying each party's intent to contract.